The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.2 - Manufacture of batteries and accumulators
400 - 420 jobs Number of planned job losses
Announcement Date
11 December 2013
Employment effect (start)
Foreseen end date
30 March 2014
Description
EnerSys Bulgaria, subsidiary of the US-based global industrial batteries manufacturer EnerSys, is to cut up to 420 jobs at its facility in Targovishte.
As announced, the job reduction measure envisages 400-420 job cuts by the end of March 2014 and the use of a severance package. Only 120 employees will remain after the restructuring.
According to the sources, the social partners and the local authorities expressed concerns over the social consequences of the measure, since the Targovishte region suffers from high rates of unemployment.
As reported, the trade unions stress the need for a higher severance pay.
Sources
11 December 2013: DarikFinance
11 December 2013: mediapool
Citation
Eurofound (2013), EnerSys, Internal restructuring in Bulgaria, factsheet number 76316, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76316.
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